Pedro Stanton
While big names like Apple and Amazon cooled off at the end of this year, lesser-known Nasdaq stocks quietly reached new peaks. As these tech giants faded, savvy investors turned their attention to promising opportunities elsewhere.
Ares Capital (Nasdaq: ARCC) stood out by hitting a fresh high before retracing slightly due to profit-taking. This asset management firm, valued at $14.09 billion, attracts interest with its robust dividend yield of 8.77% and was recently upgraded by Wells Fargo analysts. The stock benefits from the solid upward momentum of its 50-day and 200-day moving averages.
CyberArk Software (Nasdaq: CYBR), a cybersecurity firm born in Israel with a market cap of $16.42 billion, marked new highs on heavy volume. The company’s remarkable earnings increase of 163% in a year reinforces the positive sentiment, supported by a “sector outperform” rating from Scotiabank and a price target of $340.
Retail Opportunity Investment (Nasdaq: ROIC) caught attention following its acquisition by Blackstone for $4 billion. Although its price movement has been mostly sideways, it managed to achieve new highs, emphasizing its stability and value to Blackstone as a former Russell 2000 component.
Trinity Capital (Nasdaq: TRIN), with a $852 million market cap, also reached new highs backed by solid buying volume. Offering a high dividend of 14.14%, the asset management firm remains attractive despite a recent downgrade by Wells Fargo.
Verisign (Nasdaq: VRSN), demonstrating strong performance since May, boasts a market cap of $19.89 billion and operates as a leader in internet infrastructure. A recent upgrade by Robert Baird with a target of $250 signals confidence in its growth trajectory.
Hidden Gems on Nasdaq: Discover the Stocks Reaching New Heights
In a year where tech giants like Apple and Amazon have cooled off, several lesser-known Nasdaq stocks have silently climbed to impressive heights, capturing the attention of savvy investors looking for new avenues of growth. These stocks present remarkable opportunities driven by unique market strengths and strategic movements. Here’s a closer look at these rising stars and the insights fueling their ascent.
Ares Capital (Nasdaq: ARCC) – A Robust Dividend Play
Ares Capital has been a focal point for income-driven investors thanks to its strong dividend yield of 8.77%. The asset management firm continues to attract attention due to solid upward momentum in its 50-day and 200-day moving averages. A recent upgrade by Wells Fargo analysts has reinforced positive sentiment around the stock. As a $14.09 billion company, Ares Capital appears to be leveraging its market position effectively to sustain investor interest despite some profit-taking following its recent peak.
CyberArk Software (Nasdaq: CYBR) – Strength in Cybersecurity
CyberArk Software, born in Israel and now standing with a market cap of $16.42 billion, has made significant strides in the cybersecurity sector. The company boasts an astonishing earnings increase of 163% in a year, eliciting a “sector outperform” rating from Scotiabank and a robust price target of $340. This cybersecurity firm continues to be an attractive option for investors prioritizing growth, as security remains a paramount concern in an increasingly digital world.
Retail Opportunity Investment (Nasdaq: ROIC) – Stability and Value
Retail Opportunity Investment made headlines following its acquisition by Blackstone for $4 billion. Despite largely sideways price movement, the stock’s stability emphasizes its underlying value, marking it as a safe bet within the volatile market dynamics. This acquisition and the stock’s new highs demonstrate the strategic interest and confidence major investors have in the former Russell 2000 component’s potential.
Trinity Capital (Nasdaq: TRIN) – High Dividend Yield Attraction
Trinity Capital, with a market cap of $852 million, stands out for its compelling dividend yield of 14.14%. The firm achieved new highs supported by solid buying volume, making it an attractive option even after a recent downgrade by Wells Fargo. As asset management firms like Trinity Capital continue to spotlight high-yield dividends, they present alluring opportunities for investors seeking income in a low-interest-rate environment.
Verisign (Nasdaq: VRSN) – Internet Infrastructure Leader
Verisign holds a commanding position in the internet infrastructure industry with a market cap of $19.89 billion. The company’s strong performance since May has been highlighted by a recent upgrade from Robert Baird, setting a price target of $250. Verisign’s strategic dominance and growth trajectory make it a critical stock for investors looking at long-term gains in the tech infrastructure sector.
These rising Nasdaq stars illustrate the dynamism and diversity within the market, as well as the various strategies investors can leverage to find value in lesser-known stocks. Market analysts continue to watch these companies closely, offering potential growth pathways distinct from traditional tech giants. For more insights into stock market trends and emerging opportunities, consider exploring resources from reputable financial platforms like CNCB or Bloomberg.
